Sheerdrive acquires pre-owned CV online evaluation and pricing platform Otobids – ET Auto

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Sheerdrive’s tool VIAR is making a difference in the pre-owned car segment. The addition of Otobids extends its reach to commercial vehicles and tractors.

New Delhi: Sheerdrive, a Mumbai-based Digital AI/ ML pre-owned vehicle platform with a SaaS-based offering that provides a fair and transparent AI/ ML application for evaluating multi-brand used cars, has expanded its business with the strategic acquisition of Otobids, a leading online evaluation and pricing platform for used commercial vehicles.

Sheerdrive’s tool VIAR is making a difference in the pre-owned car segment. The addition of Otobids extends its reach to commercial vehicles and tractors. With this Sheerdrive’s platform becomes a solution for all important segments of used vehicles, the company said.

Sheerdrive founder Ravi Mehra said, “The incorporation of Otobids’ evaluation tool for commercial vehicles and tractors enhances our product suite, transforming Sheerdrive’s VIAR app into a comprehensive evaluation tool for key vehicle and brand segments within the used vehicles market. This strategic enhancement underscores our commitment to providing an all-encompassing solution for both new and used vehicle dealers.”

Vishwanathan Raju, the founder of Otobids, will join the Sheerdrive team as Director. His expertise will play a pivotal role in seamlessly integrating the Otobids application with the Sheerdrive program, ensuring perfect collaboration and further enhancing the overall functionality of the Sheerdrive platform.

“We are looking forward to continued success and growth of our combined teams. I am deeply grateful for the opportunity to join hands with Sheerdrive, where I am confident we will collectively ascend to new heights and realize our shared dreams. Together with the Sheerdrive Team, we are poised for remarkable achievements.”

  • Published On Apr 1, 2024 at 11:51 AM IST

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